Rule Breaker Investing Stock Stories, Vol. 10: Frosty Campfire, Fiery Stocks
9 snips
Feb 12, 2025 
Joining the discussion are Andy Cross, Chief Investment Officer at The Motley Fool; Kirsten Guerra, Analyst known for her successful investment in Axon Enterprise; and Jason Moser, Analyst with insights into animal health stocks. They delve into powerful stock narratives, including Copart's innovative auction model and Axon’s mission-driven growth. The conversation also touches on Crocs’ transformation from ridicule to respect and historical insights on Apple's long-term success. Themes of patience, resilience, and aligning investments with personal values shine through.
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Copart's Founding and Growth
- Willis Johnson, a Vietnam veteran, founded Copart in 1982, revolutionizing the auto salvage auction industry.
- Copart went public in 1984 and transitioned online in the mid-90s, connecting buyers and sellers globally.
Never Too Late
- It's never too late to buy a great business, even if you've missed it for a while.
- Andy Cross bought Copart last year despite previously selling it from Stock Advisor.
Investing in Axon
- Kirsten Guerra invested in Axon Enterprise in 2019 based on David Gardner's recommendation, without a deep thesis.
- Despite market volatility, she made seven additional purchases in 2020, driven by Axon's strong performance.
